Amid the volatile cryptocurrency market, optimistic forecasts for XRP Coin emerge, tied to political changes and potential ETF approval.
Key Expectations and Developments
Ripple's President believes the upcoming milestone could be the approval of a spot XRP Coin ETF, similar to recent Bitcoin and Ethereum endorsements. Several ETF applications await SEC decisions, and the regulatory landscape for XRP Coin is expected to improve under the newly appointed crypto-friendly SEC chair with significant developments anticipated by January 20.
XRP Price Predictions
Analyst Mikybull forecasts that XRP Coin could reach a value between $3 and $7 by year-end, contingent on these developments, reflecting a significant increase in Ripple's market valuation.
Broad Cryptocurrency Market Context
Bitcoin's current price faces pressure as U.S. markets reopen, now at $95,190. Macroeconomic trends negatively affect risk assets, with an unexpected rise in the dollar index. Trump highlighted challenges of high inflation and interest rates, pointing to the Fed maintaining these heights absent substantial job losses.
Analysts remain hopeful, anticipating market strengthening with Trump's inauguration on January 20, looking forward to Bitcoin price stabilization and positive trends in the altcoin sector.
